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FSEC vs OWNS

FIDELITY INVESTMENT GRADE SECURITIZED ETF

FSECBNYSE Arca

CCM Affordable Housing MBS ETF

OWNSCNYSE Arca

Overlap

No data

Expense ratio

FSEC −0.32pt a year

FSEC0.36%OWNS0.68%

Avg volume · 30D

FSEC 29.4×the volume

FSEC408KOWNS13.9K

5Y return · a year

FSEC +0.3pt

FSEC+0.4%OWNS+0.1%

FSEC vs OWNS Performance

Oct 29, 2021 – Oct 30, 2026

+1.9%FSEC+0.7%OWNS

Oct 29, 2021 to Oct 30, 2026. FSEC +1.9%. OWNS +0.7%. Use the arrow keys to read each point.−15%−10%−5%Oct 2021Apr 2024Oct 2026
Expense ratio
FSEC 0.36%, better
OWNS 0.68%
Fund size
FSEC $4.46B
OWNS $104M
1Y total return
FSEC +0.7%, better
OWNS +0.2%
Yield (12M)
FSEC 4.56%, better
OWNS 4.26%
Holdings
FSEC 1176
OWNS 267
Avg volume (30D)
FSEC 408K sh, better
OWNS 13.9K sh
NAV per share
FSEC $42.71
OWNS $16.82
52W range

ETF.net Grade

FSEC: Cost 59, Risk 42, Mission 94, Tradability 68, Holdings 44, Durability 79. OWNS: Cost 23, Risk 32, Mission 96, Tradability 41, Holdings 45, Durability 35.
Pillar letters and Scores for FSEC, OWNS, with each pillar’s weight
PillarFSECOWNS
Cost30% weightB59HigherF23
Mission25% weightA94A96Higher
Risk15% weightC42HigherD32
Tradability15% weightB68HigherC41
Holdings10% weightC44C45Higher
Durability5% weightA79HigherD35

Rank among Core Securitized Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FSEC and OWNS are both graded against the same 10 Core Securitized Bond funds, so their Grades compare head to head.

Core Securitized Bond⁠

Category · 10 funds
See all 10 ›

FSEC ranks 3rd and OWNS 8th of 10 funds in the Core Securitized Bond Category.

  1. Rank 1AJMBSJanus Henderson Mortgage-Backed Securities ETFScore 77
  2. Rank 2BJPLDJPMorgan Limited Duration Bond ETFScore 69
  3. Rank 3BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFScore 66
  4. Rank 3BSECRNYLI MacKay Securitized Income ETFScore 66
  5. Rank 7CCARYAngel Oak Income ETFScore 50
  6. Rank 8COWNSCCM Affordable Housing MBS ETFScore 48
  7. Rank 9CDEEDFirst Trust Securitized Plus ETFScore 43

Our read on each fund

ETF.net Research

FSECBFIDELITY INVESTMENT GRADE SECURITIZED ETF

OWNSCCCM Affordable Housing MBS ETF

In short

FSEC Most funds in this aisle buy a little of everything. FSEC goes narrow: at least 80% in securitized debt, run for current income, paid out monthly.

OWNS Agency mortgage bonds with a filter: OWNS buys custom pools of home loans made to low- and moderate-income, minority, and persistent-poverty-area borrowers. Launched 2021 as the first ETF built around affordable homeownership. Fee: 0.68%.

Stated mandate

FSEC The fund seeks a high level of current income by investing primarily in securitized securities and related instruments. Its policy requires at least 80% exposure to that securitized-investment segment.

OWNS The Fund seeks to generate current income, primarily through mortgage-backed securities associated with affordable-housing mortgages.

Why people hold it

  • FSEC A specialist, not a sampler. The mandate locks at least 80% of assets into securitized debt, so you own that corner of the bond market at full strength instead of as a sliver.
  • Income is the stated job, not a byproduct, and the cash lands monthly.
  • Costs 0.36% a year, right at the median for its bond peer group, on a multi-billion-dollar asset base with steady two-way trading.
  • Holds its own in the upper half of a crowded aggregate-bond field, with a Fidelity bond desk and clear filings behind it.
  • OWNS The angle is the collateral. Agency MBS backed by custom pools of mortgages to low- and moderate-income families, minority families, and families in persistent-poverty areas.nasdaq.com
  • Launched in 2021 as the first ETF built around financing affordable homeownership, with the mandate spelled out in its filings rather than just its marketing.nasdaq.com
  • Sub-advised by Community Capital Management, a fixed income impact shop that sources the pools. The goal is plain: current income from US agency mortgage bonds, paid quarterly.nasdaq.com

Worth knowing

  • FSEC Broad-market rivals such as BND, SPAB and SCHZ charge 0.03% for the whole bond market. The 0.36% here is the price of the narrower mandate.
  • One segment, about 120 positions. It moves with securitized debt rather than the full bond market, which is a different ride from a total-market core fund.
  • Launched in 2021, so the record is short by bond-fund standards.
  • OWNS The fee is 0.68%, above the category median, and index-style peers like JMBS run 0.21%. Hand-sourcing custom pools is labor, and the price tag reflects it.
  • Small fund, light trading. Bid-ask spreads can run wider than the biggest securitized bond ETFs, which matters most on large or hurried orders.
  • Custom pools mean the portfolio can behave differently from a broad agency MBS benchmark, and mortgage bonds still move with rates and borrower refinancing.nasdaq.com

Full FSEC profile⁠

Full OWNS profile⁠

FSEC vs OWNS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FSEC vs OWNS Cost

Overpaying OWNS vs FSEC

$5,932

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FSEC 0.36%

    $7,320

  • OWNS 0.68%

    $13,252

$10,000
30 years

Cost over time

  • FSEC 0.36%
  • OWNS 0.68%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OWNS $13,252FSEC $7,320

Year by year

YearFSECOWNSOverpaying
10$652$1,215$563
20$2,522$4,633$2,111
30$7,320$13,252$5,932

Expense ratio

  • 0.36%FSEC, cheaper
  • 0.68%OWNS
  • Middle half of Core Securitized Bond funds
  • Median 0.38%

FSEC 5th cheapest of 10 funds

OWNS 8th cheapest of 10 funds

FSEC vs OWNS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FSEC 4.56%, better
OWNS 4.26%
Payout (12M)
FSEC $1.95
OWNS $0.72
Last payment
FSEC $0.14
OWNS $0.17
Ex-dividend
FSEC Oct 29, 2026
OWNS Sep 30, 2026
Paid on
FSEC Pays Nov 2, 2026
OWNS Oct 1, 2026
Frequency
FSEC Monthly
OWNS Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

FSECMonthly · 47 paymentsAll FSEC payments⁠
One bar per payment. 47 payments from 2023 to 2026 YTD. Jan 27, 2023 $0.11; Feb 24, 2023 $0.12; Mar 29, 2023 $0.12; Apr 26, 2023 $0.12; May 26, 2023 $0.13; Jun 28, 2023 $0.12; Jul 27, 2023 $0.12; Aug 29, 2023 $0.12; Sep 27, 2023 $0.12; Oct 27, 2023 $0.13; Nov 28, 2023 $0.12; Dec 27, 2023 $0.13; Jan 29, 2024 $0.12; Feb 27, 2024 $0.12; Mar 26, 2024 $0.12; Apr 26, 2024 $0.13; May 30, 2024 $0.13; Jun 27, 2024 $0.13; Jul 30, 2024 $0.13; Aug 29, 2024 $0.009; Sep 27, 2024 $0.08; Oct 30, 2024 $0.11; Nov 27, 2024 $0.12; Dec 30, 2024 $0.16; Jan 30, 2025 $0.09; Feb 27, 2025 $0.13; Mar 28, 2025 $0.11; Apr 29, 2025 $0.14; May 29, 2025 $0.13; Jun 27, 2025 $0.14; Jul 30, 2025 $0.14; Aug 28, 2025 $0.14; Sep 29, 2025 $0.13; Oct 30, 2025 $0.14; Nov 26, 2025 $0.14; Dec 5, 2025 $0.04; Dec 30, 2025 $0.40; Jan 29, 2026 $0.13; Feb 26, 2026 $0.14; Mar 30, 2026 $0.14; Apr 29, 2026 $0.14; May 28, 2026 $0.14; Jun 29, 2026 $0.14; Jul 30, 2026 $0.14; Aug 28, 2026 $0.14; Sep 29, 2026 $0.14; Oct 29, 2026 $0.14. Use the arrow keys to read each point.$0$0.2520232026YTD
OWNSQuarterly · 15 paymentsAll OWNS payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 28, 2023 $0.13; Jun 27, 2023 $0.13; Sep 26, 2023 $0.13; Dec 26, 2023 $0.13; Mar 26, 2024 $0.16; Jun 26, 2024 $0.15; Sep 26, 2024 $0.15; Dec 26, 2024 $0.16; Mar 31, 2025 $0.15; Jun 30, 2025 $0.17; Sep 30, 2025 $0.19; Dec 31, 2025 $0.20; Mar 31, 2026 $0.18; Jun 30, 2026 $0.16; Sep 30, 2026 $0.17. Use the arrow keys to read each point.$0$0.2520232026YTD

FSEC vs OWNS Risk

Fall from peak · 5 years

  • FSEC
  • OWNS
Oct 29, 2021 to Oct 30, 2026. Worst fall: FSEC −17.4% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FSEC 6.3%, betterOWNS 6.4%
Return per unit of riskSharpe ratio, 3 years
FSEC 0.36, betterOWNS 0.24
Worst fallMax drawdown, 5 years
FSEC −17.4%OWNS −16.7%, better
Market sensitivityBeta, 5 years
FSEC 1.14OWNS 1.04

Popular comparisons

  • FSECBvsJMBSA

    FIDELITY INVESTMENT GRADE SECURITIZED ETF · Janus Henderson Mortgage-Backed Securities ETF

    Expense ratio
    0.36% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OWNSCvsJMBSA

    CCM Affordable Housing MBS ETF · Janus Henderson Mortgage-Backed Securities ETF

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    Category
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  • FSECBvsJPLDB

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  • OWNSCvsJPLDB

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  • FSECBvsSECRB

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  • OWNSCvsSECRB

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